ISE FX British Pound ST: testing the channel support.

By IBT Staff Reporter02/04/09 AT 8:21 PM

R3 : 79.2R2 : 77R1 : 73.8L : 69.69P: 69S1 : 69S2 : 66.8S3 : 65

Update on supports and resistances.Pivot: 69Our preference: Long positions above 69 with targets @ 73.8 & 77 in extension.Alternative scenario: Below 69 look for further downside with 66.8 & 65 as targets.Comment: the pair should rebound on its new support (former resistance), the RSI is approaching its rising trend line.79.27773.869.69 (last)6966.865